Pensions
CDPQ Creates Fund to Support Quebec Firms Affected by Pandemic
Corporate Pension Plans Drop to Lowest Level in 8 Years
The 79% funded status in the first quarter, an eight-point drop from last year, is the smallest since 2012.
Pandemic Causes Railway Pension to Leave Taxpayers Shouldering £8 Billion Deficit
The UK-based Transportation Railway Scheme is deliberating ways to support the troubled railway pension.
New Jersey Freezes Nearly $1 Billion in Spending Over COVID-19
Economic impact of virus could lower state pension valuation.
Oregon Selects New CIO to Replace Skjervem
Rex Kim has been announced as the Oregon State Treasury’s new investment leader.
CalPERS Employee Tests Negative For Coronavirus
Good news is overshadowed by market reactions to the coronavirus pandemic that have cost the largest US pension plan more than $50 billion.
Exclusive: CalPERS Separates Board From Public Due to Virus Concerns
Starting Monday, spectators will be confined to the pension plan’s auditorium with directors in a separate room, six feet away from one other.
NY State Pension, Coca-Cola Reach Executive Pay Deal
Beverage giant promises to bring CEO, employee compensation more in alignment.
Public Pension Funding Ratio Hits Three-Year High in Q4 2019
But market volatility caused by the coronavirus threatens to erase some of the gains.
Australian Pension Merger Trend Continues
First State Super and WA Super announce they’ve begun merger talks.
Pennsylvania SERS Returns 18.8% in 2019
$30.9 billion fund also earmarks $500 million in new investments.
Norway’s Pension Fund Rakes in Record $180 Billion Return for 2019
Norges Bank Investment Management also deliberates eight candidates for CEO job.